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Politics : Formerly About Advanced Micro Devices

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To: Thomas M. who wrote (1412121)	7/27/2023 11:05:30 AM
From: Wharf Rat	Read Replies (1) of 1578683

What Would Happen to Russia’s Oil and Gas Industry if the Government Fell? If Russia’s government were to collapse, we would likely see substantial upstream declines. That’s what Joseph Gatdula, the Head of Oil and Gas at BMI, a Fitch Solutions company, told Rigzone, adding that the reformation of a new government, whether peaceful or violent, would influence the extent of those declines. “When the Soviet Union dissolved relatively peacefully in 1991, crude production fell by 10 percent that year and 13 percent in the year after, with declines peaking five years later at 40 percent below 1990 levels,” Gatdula said. “State control of the oil and gas industry was much higher during Soviet times, so these declines are not likely to be repeated if the transition is orderly,” he added.

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